Voting Trusts

Big Red Car here on a rainy Monday in the ATX. [Whoever has been praying for rain locally – you can stop now.]

So, a founder calls me and says, “I read where you recommend a voting trust for a startup. Do tell?”

A voting trust is a good idea right from the founding of a company. It is something which should be in your founding documents:

 1. Articles of Incorporation;

 2. Corporate Bylaws;

 3. Option Plan;

 4. Founding Shareholders Agreement;

 5. Voting Trust; and,

 6. Employment Agreements.

[You do have the Big Six, right? Haha, half of y’all couldn’t find these docs even if you made them. Sorry, that was mean.]

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